Clearwater advises Fenniarail on its continuing green transition

Transaction

Fenniarail's continuing green transition

Debt Advisory

Undisclosed

Role

Adviser to Fenniarail on its continuing green transition

Sector

Business Services

Region

Finland

We have advised Fenniarail on its continuing green transition via new electric locomotives. Fenniarail Oy is a private freight transport company which operates on the Finnish railway network. It has seven line locomotives and 22 leased wagons, as well as wagons owned by its customers. Fenniarail's capacity is fully utilised, and to meet its robust client demand, the company has ordered two new Vectron electric locomotives from Siemens Mobility GmbH. The Vectron's energy efficiency and operating flexibility is top-quality: the locomotive regenerates electricity during braking, it has "last mile" diesel units for use during, for example, wagon transfers on non-electrified loading tracks, and its radio remote-control system enables independent shunting without a separate shunting locomotive.

The Vectron locomotive's performance, energy efficiency, and zero emissions during electric use are important factors to our industrial clients, seeking emissions reductions in their logistics. With the new electric locomotives, we will be able to diversify the Finnish railway market with a competitive and environmentally friendly alternative. Clearwater supported us on debt financing and we are very satisfied with their performance.
Lauri Helke, Managing Director, Fenniarail